Discussion Group

In my company we need to implement a discussiion group with similar functionality of this Microsoft Newsgroup discussion website, which by the way, has the best GUID of all discussion boads i've seen so far. I know this can sound a bit pretentious, but can I get something similar functionality out of the box with Sharepoint? I don't have SharePoint server installed yet, so couldn't test anything, but I'm just wondering if SharePoint Services 3.0 template for Discussion Database can offer similar look and feel....

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